Dynamic Technology Lab Private Ltd Buys 36,196 Shares of NMI Holdings Inc $NMIH

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in NMI Holdings Inc by 531.5%, now owning 43,006 shares worth approximately $1.55 million.
• NMI reported $1.22 earnings per share for its most recent quarter, exceeding analysts' expectations, with a revenue of $149.07 million, which is a 7.2% year-over-year increase.
• Analyst ratings for NMI are mixed, with three analysts rating it as a Buy and three as a Hold, while the current consensus target price stands at $42.33.

Dynamic Technology Lab Private Ltd grew its holdings in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 531.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,006 shares of the financial services provider's stock after purchasing an additional 36,196 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.06% of NMI worth $1,550,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NMIH. Financial Strategies Group Inc. lifted its position in NMI by 32.1% during the 1st quarter. Financial Strategies Group Inc. now owns 20,036 shares of the financial services provider's stock worth $683,000 after buying an additional 4,865 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of NMI in the first quarter worth about $256,000. Millennium Management LLC lifted its position in shares of NMI by 209.9% during the first quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider's stock worth $51,658,000 after purchasing an additional 970,551 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NMI by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider's stock worth $1,683,000 after purchasing an additional 2,030 shares in the last quarter. Finally, Interval Partners LP grew its stake in shares of NMI by 104.9% during the first quarter. Interval Partners LP now owns 74,866 shares of the financial services provider's stock valued at $2,699,000 after purchasing an additional 38,331 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Stock Down 0.8%

NASDAQ NMIH traded down $0.32 during trading on Friday, hitting $40.02. The stock had a trading volume of 69,937 shares, compared to its average volume of 545,528. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. The company's 50-day moving average price is $39.00 and its two-hundred day moving average price is $37.78. The company has a market capitalization of $3.10 billion, a PE ratio of 8.49, a P/E/G ratio of 1.15 and a beta of 0.55.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $149.07 million during the quarter, compared to analysts' expectations of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. As a group, sell-side analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Analyst Ratings Changes

NMIH has been the topic of several research reports. Keefe, Bruyette & Woods lowered NMI from an "outperform" rating to a "market perform" rating and upped their price target for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Compass Point restated a "buy" rating and set a $37.00 target price (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Wall Street Zen cut shares of NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays raised their price objective on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.